Oil And Gas News


Sapura Energy Hooks Subsea Services Contract from Thai Oil Major Off Malaysia

Apr 29, 2024

Malaysia-based offshore services firm Sapura Energy, through its wholly-owned subsidiary Sapura Subsea Services, has secured a contract to provide subsea services for Thai oil company PTTEP’s subsidiaries in Malaysia.The contract, effective from February 21…

Philippines' PXP Energy Eyes Petroleum Blocks in Non-Disputed Areas

Apr 29, 2024

Philippine petroleum company PXP Energy Corp will take part in a government auction of energy reserves in the country's western and southern waters that are not claimed by China, its chairman said on Monday.PXP Energy holds the rights to explore Reed Bank in the South China Sea…

BP Suspends Production at Azerbaijani Platform for Maintenance Works

Apr 29, 2024

BP, as the operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development in the Caspian Sea, has kicked off planned maintenance (turnaround - TAR) works on the Deepwater Gunashli platform.In accordance with the plan, production from…

Malampaya Gas Field Exceeds Export Capacity Amid Grid Demands in Philippines

Apr 19, 2024

Prime Energy has informed that the Malampaya offshore gas field in the Philippines was able to deliver more than its export capacity as the grid of the country’s Luzon island was placed on red and yellow alerts.Prime Energy, operator of the Malampaya project…

Timor-Leste: Chuditch-2 Well to be Drilled at New Location Following Site Surveys

Apr 18, 2024

SundaGas Banda Unipessoal, a wholly-owned subsidiary of UK oil and gas company Baron Oil, has selected a new location for the Chuditch-2 appraisal well offshore Timor-Leste.SundaGas has been conducting site survey work in the Timor Sea over…

Akastor’s Subsidiary Wins $101M Case Against Seatrium's Jurong Shipyard

Apr 18, 2024

MHWirth, a subsidiary of Norwegian oil services investment firm Akastor, has received an arbitration award issued by a tribunal in a dispute with Seatrium’s subsidiary Jurong Shipyard over the termination of four drilling rig unit contracts…

BP Starts Oil Production at Major New Platform Offshore Azerbaijan

Apr 17, 2024

BP, as the operator of the Azeri-Chirag-Gunashli (ACG) project, has started oil production from the new Azeri Central East (ACE) platform as part of the ACG field development in the Azerbaijan sector of the Caspian Sea.The ACE platform is the…

Woodside and Partners Appoint Wood for Greater Sunrise Gas Concept Study

Apr 17, 2024

Following a global contract procurement process, the Sunrise joint venture partners including Timor Gap, Woodside Energy and Osaka Gas Australia, have appointed Wood Australia on a Greater Sunrise concept study.The study will be led by Wood…

Valeura Makes Three New Oil Discoveries in Gulf of Thailand

Apr 15, 2024

Canada-based oil and gas company Valeura Energy has made three oil discoveries as part of the exploration campaign in the Gulf of Thailand - one in the Nong Yao D area, and two in the north-east portion of the Wassana concession.The Nong Yao-13 well…

Borr Drilling Nets Close to $160M in Fresh Contracts for Three Jack-Ups

Apr 09, 2024

Offshore drilling contractor Borr Drilling has secured work for three of its premium jack-up rigs, bringing in $158.6 million to the company.The new contracts are for the Prospector 1, Gunnlod, and a rig to be determined.  The commitments total 820 days and $158…

Yinson Holds Naming Ceremony for Brazil-Bound ‘Greener’ FPSO

Apr 05, 2024

Yinson Production has held the naming ceremony for FPSO Maria Quitéria which will deployed in at Petrobras’ Jubarte field offshore Brazil.The naming ceremony for the FPSO Maria Quitéria was held at Cosco Shipping Heavy Industry (Shanghai) Shipyard in China on April 3…

Sapura Energy to Provide Subsea Services for Shell Off Malaysia

Apr 04, 2024

Malaysia-based offshore services firm Sapura Energy, through its wholly-owned subsidiary Sapura Subsea Services, has secured a contract to provide subsea services for Shell’s Malaysian subsidiaries Sarawak Shell Berhad and Sabah Shell Petroleum…

Seatrium Scoops $259M Worth of Repairs and Upgrades Work

Apr 04, 2024

Singapore-based Seatrium has secured a series of major contracts for vessel repairs, upgrades and conversions, set for completion by the end of 2025.With an aggregate value of S$350 million ($259 million), the contracts have reinforced Seatrium’s…

Dyna-Mac Secures $664M Backlog with New Contracts

Apr 03, 2024

Singapore-based oil and gas module construction company Dyna-Mac has increasing order book to a record $664 million, with the main new contract related to the construction of process modules for an unnamed client.The several contracts Dyna-Mac…

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